Steady hiring
Despite the well-documented concerns about mainland China’s economic growth, 38% of employers surveyed said that current hiring activity will be steady in the next 12 months.
Salary budgets
Most companies surveyed (68%) expect to provide pay increments of <5%, while 69% say they will give bonuses of <10%.
Overall growth
More mainland Chinese firms are expanding in the country as well as to Hong Kong, increasing the need for employees who have international experience.
Mainland China
Professionals with solid technical skillsets as well as good business acumen are sought after by local companies looking to expand their operations
- More mainland Chinese firms (57%) compared with multinational corporations (37%) are expected to increase headcount over the next 12 months.
- A majority of the firms surveyed (74%) have a presence in second and third-tier cities and 65% will be focusing their recruitment in these cities and first-tier ones.
- Almost half (47%) of employers surveyed expect to increase salaries by 6-10%. Some 76% also expect to give <10% in bonuses.
Hong Kong
More fast-growing mainland Chinese companies are entering the Hong Kong market and looking to expand
- Over half of companies surveyed (51%) currently use contractors.
- Most employers (83%) expect to increase salaries by <5%, and 60% are expected to give <10% in bonuses.
- Popular options to support work-life balance include offering flexible working arrangements (42%) and technology devices that allow home access (49%).
Taiwan
Many Taiwanese are still seeking employment outside the country, creating a talent gap
- 83% of employers in Taiwan expect to increase salaries by <5% in the next 12 months. Also, 71% of employers are expected to give <10% in bonuses.
- Providing competitive salaries and a well-defined path for career progression are key to attracting and retaining talent.
- The biggest talent gaps typically lie in the sales/marketing/business development and information technology sectors.
